Refer to Scenario 7.8 below to answer the question(s) that follow.
SCENARIO 7.8: A swimming pool cleaning company has the following production possibilities. With one, two, three, and four workers, the company can clean 5, 12, 17, and 20 pools per day, respectively.
-Refer to Scenario 7.8. The marginal product of the third worker is
A) 4.
B) 5.
C) 12.
D) 17.

Question

Quizplus · Accepted Answer

The marginal product of the third worker is calculated by subtracting the total product with two workers from the total product with three workers. This gives us 17 pools (with three workers) - 12 pools (with two workers) = 5 pools.